🇦🇺Australia

Ransomware Downtime Costs

1 verified sources

Definition

Average downtime after ransomware attacks disrupts business operations, leading to lost revenue and recovery costs during incident response and mitigation.

Key Findings

  • Financial Impact: 14 days downtime per ransomware incident
  • Frequency: Increasing prevalence with over 50% of Australian businesses paying ransoms
  • Root Cause: Slow manual incident response processes without 24/7 specialized teams

Why This Matters

The Pitch: Blockchain services players in Australia 🇦🇺 waste days of downtime on incident response. Automation of threat detection eliminates this risk.

Affected Stakeholders

IT Managers, CFOs, CEOs

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Crypto Asset Theft Losses

AUD 1.5 trillion annual global cybercrime revenue (proportional Australian share ~AUD 10-20B)

Breach Notification Fines

AUD 50,000+ per breach notification failure (OAIC penalties); 250+ incidents handled yearly by providers

AUSTRAC Compliance Enforcement & Civil Penalty Exposure

LOGIC estimate: AUD $100,000–$5,000,000 per enforcement action (typical Australian civil penalty range for financial crime). Additional cost: 40–80 hours/month for manual KYC/transaction monitoring processes if not automated.

Customer Onboarding Delays & KYC Verification Bottleneck

LOGIC estimate: AUD $500–$5,000/month per 1,000 customers (lost fees from delayed onboarding + queue abandonment). Manual verification: 25–40 hours/week per 10,000 customer base.

Manual AML/CTF Compliance Program Administration & Transaction Monitoring

LOGIC estimate: 50–100 hours/month per compliance team (AUD $8,000–$20,000 monthly in FTE costs for manual monitoring + administration). Opportunity cost: Diverted compliance resources reduce capacity for new customer onboarding and product features.

AUSTRAC AML/CTF Non-Compliance Fines

AUD 222,000 civil penalty unit per breach (2024 rate); AUD 1M+ for serious non-compliance

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